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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
REPORTS HEALTH CARE NMC SENIOR MANAGEMENT EXCESS RESERVES RELEVANT PERIOD FORMER GRACE COMMISSION EXCHANGE ACT EARNINGS MATERIALITY GROWTH RATES HEALTH CARE GROUP ACCOUNTING FINANCIAL STATEMENTS RESPONDENT SECURITIES MISLEADING MATERIALLY FALSE CONTROLS INCOME PURSUANT FILINGS TRANSACTIONS CONFORMITY VICE PRESIDENT TELECONFERENCES GAAP VIOLATIONS |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41578 / June 30, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1140 / June 30, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9926
In the Matter of
W. R. Grace & Co.,
Respondent.
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 21C OF THE
SECURITIES EXCHANGE ACT OF
1934, MAKING FINDINGS, AND
IMPOSING CEASE-AND-DESIST
ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate to institute public administrative proceedings pursuant to
Section 21C of the Securities Exchange Act of 1934 ("Exchange Act")
against W. R. Grace & Co. ("Respondent").
II.
In anticipation of the institution of these administrative
proceedings, Respondent has submitted an Offer of Settlement which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without
admitting or denying the findings herein, except as to the
Commission's jurisdiction over it and the subject matter of the
proceeding, which are admitted, Respondent consents to the entry of
this Order Instituting Public Administrative Proceedings Pursuant to
Section 21C of the Securities Exchange Act of 1934, Making Findings,
and Imposing Cease-And-Desist Order ("Order").
Accordingly, it is ordered that proceedings pursuant to Section 21C of
the Exchange Act be, and hereby are, instituted.
SNIPPETS:
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